The ongoing political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the Parliament of Sri Lanka. It is fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country.
Sri Lankan prime minister said in an address to the nation the country urgently needed $75 million in foreign exchange to pay for essential imports.
The Sri Lankan $81 billion economy is close to bankruptcy due to Russian’s invasion of Ukraine rising global prices of oil and other commodities. Prices surged upto 30% in the country. Former prime minister Rajapaksa resigns amid protests over economic crisis.